Battalion Oil (NYSE:BATL) Shares Down 0.8% – Here’s Why

Battalion Oil Co. (NYSE:BATL)’s share price dropped 0.8% on Thursday . The stock traded as low as $1.19 and last traded at $1.22. Approximately 99,464 shares traded hands during trading, a decline of 37% from the average daily volume of 158,676 shares. The stock had previously closed at $1.23.

Battalion Oil Price Performance

The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 2.65. The company’s 50-day moving average is $1.17 and its 200-day moving average is $1.18. The stock has a market cap of $20.08 million, a price-to-earnings ratio of -1.52 and a beta of 0.70.

Institutional Trading of Battalion Oil

A hedge fund recently raised its stake in Battalion Oil stock. Citadel Advisors LLC grew its position in shares of Battalion Oil Co. (NYSE:BATL) by 40.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,173 shares of the company’s stock after buying an additional 10,189 shares during the quarter. Citadel Advisors LLC owned approximately 0.21% of Battalion Oil worth $43,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 86.01% of the company’s stock.

Battalion Oil Company Profile

Battalion Oil Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas assets in the United States. It holds interests in the Delaware Basin located in the counties of Pecos, Ward, Reeves, and Winkler, Texas. It serves independent marketers, and oil and natural gas and gas pipeline companies. The company was formerly known as Halcón Resources Corporation and changed its name to Battalion Oil Corporation in January 2020.